PAX Patria Investments Limited Class A Common Shares
XNAS 11.88 DelayedStock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
PAX
$11.88
—
Key stats
$11.88
- 52-Week Range
- $9.89 – $17.80
- YTD
- -25.41%
- IV Rank (30D)
- 41.12
- Straddle Price
- $1.60
- P/C Vol Ratio
- 0.33
- Market Cap
- $2.0B
- Open
- $11.82
- Day Range
- $11.76 – $12.08
- Volume
- 164,704
- Prev Close
- $11.91
Fair Value
MODEL: SHORT
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.15% |
| Beta vs SPY | 0.90 |
| Cost of Equity (CAPM) | 9.63% (VRP-adj) |
| WACC | 5.27% |
| Volatility Risk Premium | +143.9pp (IV − HV30) |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +3.0% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.03 (applied to P/E, EV/EBITDA, P/S) |
| Debt / Equity | 0.28 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $11.05 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $11.08 |
| Bollinger Width / SMA20 | 237.4% (drives anchor stability) |
| Net Debt | $0.1B |
Peers used for multiples: BX, CG, INTR, KKR, OWL, RF, STEP, TPG
60-Day Conviction
84%
20-Day Fair Value
≈ by Nov 20, 2026
$11.88
α -0.2%
rank 26%
conviction
13%
40-Day Fair Value
≈ by Dec 21, 2026
$11.79
α -0.9%
rank 26%
conviction
28%
60-Day Fair Value
≈ by Jan 19, 2027
$11.53
α -3.1%
rank 26%
conviction
84%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | $9.71 | 100% | |
| Peer P/E | n/a | 0% | median 31.7× · 6 peers |
| Peer EV/EBITDA | n/a | 0% | median 10.5× · 6 peers |
| Peer P/B | n/a | 0% | median 2.9× · 6 peers |
| Peer P/S | n/a | 0% | median 2.5× · 7 peers |
| Market Anchor (SMA50) | $11.05 | 0% | stability 0% (BB-width) |
| Options Expected (B-L 30d) | $11.89 | 0% | 5 strikes · skew +0.47 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- INVESTMENT ADVICE (6282) · industry map
- Exchange
- XNAS
- Market Cap
- $2.0B
- Employees
- 548
- List Date
- 2021-01-22
- CIK
- 0001825570
- Next Earnings
- 2026-11-03
- EPS Forecast
- $0.28 (2 est.)
- Homepage
- https://www.patria.com
Patria Investments Ltd is an alternative asset management firm specializing in resilient sectors across select regions. It seeks to provide world-wide and Latin American investors with attractive investment products that allows portfolio diversification and consistent returns. The group promotes inclusive and sustainable development in the Asset Classes: Private Equity, Private Equity Solutions, Credit, Real Estate, Infrastructure, and Public Equities Main sectors: Agribusiness, Power & Energy, Healthcare, Logistics & Transportations, Food & Beverage and Digital & Tech Services Investment Regi…
Summary
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composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -10.30% | 3.72% | 11.57% | -6.98% | 4.02% | -8.23% | -1.03% |
| Feb | 3.26% | -2.35% | 2.32% | 3.47% | -3.00% | -12.18% | -1.41% |
| Mar | -16.65% | 9.87% | -6.92% | -0.34% | 2.26% | -4.04% | -2.64% |
| Apr | -19.29% | -13.93% | -1.13% | -8.53% | -8.15% | 2.14% | -8.15% |
| May | 23.43% | 0.92% | -1.73% | -2.91% | 19.29% | -8.67% | 5.05% |
| Jun | 5.01% | -18.95% | -6.23% | -7.44% | 10.10% | -5.75% | -3.88% |
| Jul | -9.75% | 6.35% | 6.51% | 6.90% | -1.62% | -1.86% | 1.09% |
| Aug | 5.17% | 1.33% | -6.12% | -3.92% | 1.50% | 1.52% | -0.09% |
| Sep | 0.62% | -5.37% | -0.14% | -0.36% | 7.31% | -9.78% | -1.29% |
| Oct | 3.25% | 3.57% | -11.35% | 4.96% | 2.07% | 17.36%* | 3.31% |
| Nov | -6.36% | -6.57% | 8.76% | 2.57% | 3.36% | -- | 0.35% |
| Dec | -3.17% | 2.88% | 7.34% | -2.92% | 5.51% | -- | 1.93% |
| Total | -27.79% | -20.47% | 0.04% | -15.67% | 48.46% | -28.27% | -7.28% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $11.16
SMA 50: $11.06
SMA 200: $12.16
Current: $11.89
EMA 12: $11.61
EMA 26: $11.28
MACD: 0.3286 | Signal: 0.0878
BULLISH
ADX (14): 30.05
TREND
+DI: 35.00
−DI: 17.35
Momentum Oscillators
RSI (14): 64.17
NEUTRAL
Stoch %K: 90.27
Stoch %D: 91.32
Williams %R: -15.66
Volume & Volatility
BB Upper: $12.60
BB Lower: $9.73
NEUTRAL
OBV: -2,211,606
Vol SMA 20: 1,126,450
Vol ROC: -82.88%
ATR: $0.32
True Range: $0.32
HV 20: 36.8%
HV 30: 35.5%
HV 60: 32.9%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
Here is my response as a professional financial analyst providing comprehensive stock analysis reports:
Executive Summary
Overall assessment: NEUTRAL (confidence level 6/10)
Key drivers: Recent positive news headlines, medium-term momentum signals, and moderate volatility.
Primary risks: High beta relative to the market, potential for increased volatility, and mixed technical signals.
Investment thesis: PAX has exhibited strong momentum in recent months, driven by positive news sentiment and medium-term trend indicators. However, the stock's high beta and moderate volatility may lead to increased risk. A balanced approach considering both bull and bear scenarios is recommended.
Recent news sentiment impact: The recent news headlines have been overwhelmingly positive, with a focus on Patria Investments' acquisition of WP Global Partners and other strategic moves. This has contributed to the stock's upward momentum.
Technical Analysis
Trend Direction: Medium-term uptrend (1-3 months)
Support/Resistance Levels:
- SMA 20: $11.16 (support)
- EMA 12: $11.07 (support)
- Upper Bollinger Band: $11.69 (resistance)
Momentum Signals: RSI interpretation: Neutral (45.14), neither overbought nor oversold MACD signal: Bearish (below signal line, -0.13 / Signal: 0.03) Bollinger Bands position: Neutral (price near middle band)
Volume Analysis:
- Volume SMA 20: 818335.20 (above average volume)
- On-Balance Volume (OBV): -8556581.74 ( bearish sentiment)
- Volume Rate of Change: -38.34% (below average volume)
News & Sentiment Analysis
Recent Headlines Summary: The news headlines have been overwhelmingly positive, focusing on Patria Investments' strategic acquisitions and earnings results.
Sentiment Assessment: Positive (aggregate sentiment from recent news articles)
Catalyst Identification:
- Upcoming events: None
- Earnings: No earnings data available
- Product launches: No product launches announced
Market Narrative: The positive news headlines have driven the stock's upward momentum, aligning with the medium-term uptrend.
Risk & Volatility Assessment
Risk Metrics: Beta: 1.12 (above average risk) Alpha: -0.40 Correlation: 0.48 Stock Volatility: 0.29 (above average volatility)
Options Market Signals:
- IV Rank: 41.7% (Medium, indicating historically high volatility)
- Current IV: 139.5%
- Expected Move: $1.40 (42 DTE), 7-DTE: $2.55
Downside Protection: Support levels: SMA 20 ($11.16) and EMA 12 ($11.07)
Market Context & Positioning
Sector Performance: PAX is performing relatively strong within the sector.
Institutional Activity: Volume patterns suggest institutional interest, but not at extreme levels.
Correlation Analysis: The stock's movements are correlated with the market (R-squared interpretation), indicating a mix of market and stock-specific factors driving its performance.
Relative Valuation: PAX is positioned within a trading range, with no clear relative value signal.
Key Levels & Action Items
Critical Price Levels:
- Support: SMA 20 ($11.16) and EMA 12 ($11.07)
- Resistance: Upper Bollinger Band ($11.69)
Breakout/Breakdown Levels: None identified at this time.
Time-Sensitive Catalysts: No imminent catalysts announced.
Risk Management: Stop-loss levels: None recommended at this time, given the stock's medium-term uptrend and positive news sentiment.
Please note that my analysis is based on the provided data and should not be considered as personalized investment advice.
Generated
News
All PAX news →
PAX Options Activity & IV Rank
PAX IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 56.1%
7-DTE IV: —
Expected Move: $1.60
7-DTE Move: $1.60
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 6
Put Volume: 2
P/C Volume: 0.333
BULLISH
Call OI: 766
Put OI: 160
P/C OI: 0.209
Total OI: 926
ATM Options Pricing
ATM Call: $0.42
ATM Put: $1.18
Call %: 3.6%
Put %: 9.9%
Chain Summary
Chain Volume: 150
Chain OI: 4,679
Last Updated: 10/22/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 80th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
80%
vs own history
GEX tilt
+0.98
OI-weighted, today
Vanna tilt
+0.98
δ-sensitivity to IV
Charm tilt
-0.98
δ-decay vs time
Vanna tilt +0.98: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.98: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 4 ATM contracts, 3k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
ATM 55.3% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)41.1MediumOct 22
Straddle Price (30 DTE)$1.60Oct 22
Beta Analysis
Risk Metrics
Beta: 1.1998
Alpha: -33.30%
Correlation: 0.4871
R-Squared: 23.7%
Stock Volatility: 31.4%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
Notable investors who own PAX
2 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Point72 Hedge fund Steve Cohen | $1.3M | #1410 of 1945 | new | 13F | |
| Millennium Management Hedge fund Izzy Englander | $678K | #3063 of 3716 | +74.4% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
PAX Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 160,756,015 (as of 2025-12-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
5 filers$882.21K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $458.96K | 52.02% | 2026-06-30 |
| 2 | Endure Capital Management, LLC | $225.09K | 25.51% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $169.09K | 19.17% | 2026-06-30 |
| 4 | Simplex Trading, LLC Custodian | $15.37K | 1.74% | 2026-06-30 |
| 5 | Beck Bode, LLC | $13.69K | 1.55% | 2026-06-30 |
4 filers$521.55K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $346.97K | 66.53% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $164.70K | 31.58% | 2026-06-30 |
| 3 | Simplex Trading, LLC Custodian | $8.78K | 1.68% | 2026-06-30 |
| 4 | GROUP ONE TRADING LLC Custodian | $1.10K | 0.21% | 2026-06-30 |
PAX Insider Trading (Form 4)
Latest: 2026-09-03Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-03 | Jose Augusto Goncalves de Araujo Teixeira | Officer | Award (A) | +136,266 | — | EDGAR | |
| 2026-08-24 | Marco Nicola D'Ippolito | CEO of Global Private Markets | Mixed | −7,500 | $11.43 | -$165.8K | EDGAR |
| 2026-06-05 | Olimpio Matarazzo Neto | Director | Buy (P) | +100,000 | $11.29 | $1.13M | EDGAR |
| 2026-06-03 | Olimpio Matarazzo Neto | Director | Buy (P) | +30,000 | $11.66 | $349.9K | EDGAR |
| 2026-06-01 | Olimpio Matarazzo Neto | Director | Buy (P) | +30,000 | $11.48 | $344.4K | EDGAR |
| 2026-05-28 | Olimpio Matarazzo Neto | Director | Buy (P) | +30,000 | $11.39 | $341.9K | EDGAR |
| 2026-05-22 | Olimpio Matarazzo Neto | Director | Buy (P) | +45,000 | $11.18 | $502.9K | EDGAR |
| 2009-08-11 | MILLENNIUM MANAGEMENT LLC | Sell (S) | −4,800,000 | $9.84 | -$47.23M | EDGAR | |
| 2009-01-08 | MILLENNIUM MANAGEMENT LLC | Buy (P) | +4,068,000 | $8.61 | $35.01M | EDGAR | |
| 2009-01-08 | Israel A Englander | Buy (P) | +4,068,000 | $8.61 | $35.01M | EDGAR | |
| 2008-03-04 | Marc J. Blazer | President and Treasurer | Other (J) | −91,198 | — | EDGAR | |
| 2008-03-04 | Lawton W Fitt | Director | Other (J) | −57,799 | — | EDGAR | |
| 2008-03-04 | Andrew H. Lufkin | Director | Other (J) | −24,335 | — | EDGAR | |
| 2008-03-04 | John F.W. Hunt | CEO & Secretary | Other (J) | −351,831 | — | EDGAR | |
| 2008-03-04 | Paul S Pressler | Director | Other (J) | −18,669 | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
PAX Insider Holdings
3 insiders · @ $11.89
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Olimpio Matarazzo Neto | Director | 575,724 | $6.85M | $2.67M | 5 | 2026-06-05 |
| 2 | Marco Nicola D'Ippolito | CEO of Global Private Markets | 443,178 | $5.27M | -$165.8K | 1 | 2026-08-24 |
| 3 | Jose Augusto Goncalves de Araujo Teixeira | Officer | 214,184 | $2.55M | $0 | 1 | 2026-09-03 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
PAX Board & Officers
As of SEC filings through Sep 3, 2026Directors 7
- Alexandre Teixeira de Assumpcao Saigh · since Mar 18, 2026
- Daniel Rizardi Sorrentino · since Mar 18, 2026
- Glen George Wigney · since Mar 18, 2026
- Jennifer Anne Collins · since Mar 18, 2026
- Olimpio Matarazzo Neto · since Mar 18, 2026
- Pablo Echeverria Benitez · since Mar 18, 2026
- Sabrina Bridgett Foster · since Mar 18, 2026
Officers 11
- Alexandre Teixeira de Assumpcao Saigh · Chief Executive Officer · since Mar 18, 2026
- Andre Franco Sales · CEO and CIO of Infrastructure · since Mar 18, 2026
- Marco Nicola D'Ippolito · CEO of Global Private Markets · since Mar 18, 2026
- Ricardo Leonel Scavazza · CEO and CIO of Private Equity · since Mar 18, 2026
- Ana Cristina Russo · Chief Financial Officer · since Mar 18, 2026
- Nikitas Psyllakis · Global Chief Operating Officer · since Mar 18, 2026
- Nick Whitfield · Chief Compliance Officer · since Mar 18, 2026
- Guilherme Ferrante Pocas · Global General Counsel · since Mar 18, 2026
- Ana Paula Alves Santos · Head of Human Resources · since Mar 18, 2026
- Daniel Rizardi Sorrentino · Global Head of Commercial · since Mar 18, 2026
- Jose Augusto Goncalves de Araujo Teixeira · Head of Commercial for Brazil · since Mar 18, 2026
Changes in the last 10 years (18)
| Mar 18, 2026 | Sabrina Bridgett Foster became a director |
| Mar 18, 2026 | Ricardo Leonel Scavazza became CEO and CIO of Private Equity |
| Mar 18, 2026 | Pablo Echeverria Benitez became a director |
| Mar 18, 2026 | Olimpio Matarazzo Neto became a director |
| Mar 18, 2026 | Nikitas Psyllakis became Global Chief Operating Officer |
| Mar 18, 2026 | Nick Whitfield became Chief Compliance Officer |
| Mar 18, 2026 | Marco Nicola D'Ippolito became CEO of Global Private Markets |
| Mar 18, 2026 | Jose Augusto Goncalves de Araujo Teixeira became Head of Commercial for Brazil |
| Mar 18, 2026 | Jennifer Anne Collins became a director |
| Mar 18, 2026 | Guilherme Ferrante Pocas became Global General Counsel |
| Mar 18, 2026 | Glen George Wigney became a director |
| Mar 18, 2026 | Daniel Rizardi Sorrentino became a director |
| Mar 18, 2026 | Daniel Rizardi Sorrentino became Global Head of Commercial |
| Mar 18, 2026 | Andre Franco Sales became CEO and CIO of Infrastructure |
| Mar 18, 2026 | Ana Paula Alves Santos became Head of Human Resources |
| Mar 18, 2026 | Ana Cristina Russo became Chief Financial Officer |
| Mar 18, 2026 | Alexandre Teixeira de Assumpcao Saigh became a director |
| Mar 18, 2026 | Alexandre Teixeira de Assumpcao Saigh became Chief Executive Officer |
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
ETF Holders
28 ETFs hold PAX
25 shown · $61.33M total exposure · 0.02% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.03% | $22.6M | $75.1B | 2026-10-20 |
| 2 | IEMG iShares Core MSCI Emerging Markets ETF | iShares (BlackRock) | 0.01% | $10.5M | $153.2B | 2026-10-20 |
| 3 | IWO iShares Russell 2000 Growth ETF | iShares (BlackRock) | 0.06% | $7.5M | $13.6B | 2026-10-20 |
| 4 | EWZS iShares MSCI Brazil Small-Cap ETF | iShares (BlackRock) | 1.01% | $5.1M | $495.8M | 2026-10-20 |
| 5 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.02% | $4.0M | — | 2026-09-30 |
| 6 | AVEM Avantis Emerging Markets Equity ETF | Avantis | 0.01% | $2.5M | $27.5B | 2026-10-20 |
| 7 | PSP Invesco Global Listed Private Equity ETF | Invesco | 0.89% | $1.9M | — | 2026-10-20 |
| 8 | FDLS Inspire Fidelis Multi Factor ETF | Nport | 0.92% | $1.9M | — | 2026-05-31 |
| 9 | FESM Fidelity Enhanced Small Cap Core ETF | Fidelity | 0.02% | $1.5M | $6.6B | 2026-10-20 |
| 10 | VTWG Vanguard Russell 2000 Growth ETF | Vanguard | 0.04% | $751,181 | — | 2026-09-30 |
| 11 | EWX State Street® SPDR® S&P® Emerging Markets Small Cap ETF | SPDR (State Street) | 0.07% | $483,605 | $648.8M | 2026-10-20 |
| 12 | OMFS Invesco Russell 2000 Dynamic Multifactor ETF | Nport | 0.16% | $459,741 | — | 2026-05-31 |
| 13 | GSSC Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF | Goldman | 0.04% | $443,763 | $1.0B | 2026-10-20 |
| 14 | PRFZ Invesco RAFI US 1500 Small-Mid ETF | Nport | 0.02% | $422,445 | — | 2026-07-31 |
| 15 | IWV iShares Russell 3000 ETF | iShares (BlackRock) | 0.00% | $395,619 | $20.6B | 2026-10-20 |
| 16 | RSSL Global X Russell 2000 ETF | Global X | 0.03% | $383,502 | — | 2026-10-21 |
| 17 | EEMS iShares MSCI Emerging Markets Small-Cap ETF | iShares (BlackRock) | 0.06% | $211,981 | $375.9M | 2026-10-20 |
| 18 | AVXC Avantis Emerging Markets ex-China Equity ETF | Avantis | 0.01% | $59,236 | $446.4M | 2026-10-20 |
| 19 | VTHR Vanguard Russell 3000 ETF | Vanguard | 0.00% | $54,780 | — | 2026-09-30 |
| 20 | ITWO ProShares Russell 2000 High Income ETF | ProShares | 0.03% | $46,806 | — | 2026-10-21 |
| 21 | AVEE Avantis Emerging Markets Small Cap Equity ETF | Avantis | 0.03% | $37,040 | $140.8M | 2026-10-20 |
| 22 | AVSE Avantis Responsible Emerging Markets Equity ETF | Avantis | 0.02% | $36,920 | $218.2M | 2026-10-20 |
| 23 | URTY ProShares UltraPro Russell2000 | ProShares | 0.01% | $36,445 | — | 2026-10-21 |
| 24 | MSSM Morgan Stanley Pathway Small-Mid Cap Equity ETF | Nport | 0.00% | $30,690 | — | 2026-05-31 |
| 25 | UWM ProShares Ultra Russell2000 | ProShares | 0.01% | $23,594 | — | 2026-10-21 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
—
TTM Revenue
—
TTM Net Income
—
TTM Op. Cash Flow
—
Quarterly figures (5 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q4 '25 | 2025-12-31 | — | — | — | — |
| Q4 '24 | 2024-12-31 | — | — | — | — |
| Q4 '23 | 2023-12-31 | — | — | — | — |
| Q4 '22 | 2022-12-31 | — | — | — | — |
| Q4 '21 | 2021-12-31 | — | — | — | — |
Q4 2025 • period ending 2025-12-31 • filed 2026-04-30
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
4.95M
SI % of Float
8.31%
Days to Cover
5.21
Short Vol Ratio
64.2%
Free Float
59.58M
Float %
89.6%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-05-15